So if we hit good oil at Winx they are implying our permits will be taken over by the big boys?
Assuming a mid-case success at Winx and our share is 40mil boe @ USD$3 per boe that should be worth the equivalent of AUD$170mil to our market cap or around 1.4x current market cap.
Ann: Winx-1 Drilling Update, page-10
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